Rewards Credit cards
There are several rewards credit cards that offer benefits such as cashback, reward points, and discounts. But with so many options available, it can be challenging to choose the best one for your needs.
Best Rewards Credit cards 2023
HDFC Bank Regalia Credit Card
- Cashback
- Rewards
Fee
Joining Fee - Rs. 2500 + gst
Annual Fee – Rs. 2500 + gst
More info
The HDFC Bank Regalia Credit Card is a premium credit card that offers exclusive benefits and rewards for travel and lifestyle expenses. With this card, you can earn 4 reward points for every Rs. 150 spent, and redeem them for flights, hotel bookings, and gift vouchers. The card also offers complimentary airport lounge access, travel insurance, and concierge services.
- 4 reward points for every Rs. 150 spent
- Complimentary airport lounge access
- Travel insurance and concierge services
- Exclusive dining privileges
- Accidental air death cover worth Rs. 1 Crore
- Emergency overseas hospitalization upto Rs. 15 Lakhs
- up to 20% savings on all your restaurant bill payments via Swiggy Dineout
- 24/7 Concierge Services
American Express Platinum Travel Credit Card
- Cashback
- Rewards
Fee
1st year fee: Rs.3,500 + gst
2nd year onwards: Rs.5,000 + gst
More info
The American Express Platinum Travel Credit Card is designed for frequent travelers who want to earn rewards and save on travel expenses. With this card, you can earn 1 membership rewards point for every Rs. 50 spent, and redeem them for flights, hotel bookings, and travel vouchers. The card also offers complimentary airport lounge access, travel insurance, and discounts on hotels and car rentals.
- Welcome Gift of 10,000 Membership Rewards points redeemable at Flipkart or Amex travel online (ATO)
- 1 membership rewards point for every Rs. 50 spent
- Complimentary airport lounge access
- Travel insurance and discounts on hotels and car rentals
- Exclusive dining privileges
- Flipkart vouchers or Travel Benefits on ATO
- Taj Experiences E-Gift Card
Premium
ICICI Bank HPCL Coral Credit Card
- Cashback
- Rewards
Fee
Joining Fee - ₹ 199 + gst
Annual Fee (1st year) - NIL
Annual Fee (2nd year onwards) - ₹ 199* + gst
More info
The SBI Card Elite is a premium credit card that offers rewards and benefits for travel and lifestyle expenses. With this card, you can earn 2 reward points for every Rs. 100 spent, and redeem them for flights, hotel bookings, and gift vouchers. The card also offers complimentary airport lounge access, travel insurance, and dining privileges.
- Welcome Gift voucher of Rs. 5000
- 2 reward points for every Rs. 100 spent and 5X reward points on grocery spends, dining, and departmental stores
- Complimentary airport lounge access including priority pass worth $99
- Travel insurance and dining privileges
- Redeem reward points for flights, hotel bookings, and gift vouchers
Premium
Axis Bank Vistara Signature Credit Card
- Cashback
- Rewards
Fee
Joining Fee - Rs. 3,000
Annual Fee - Rs. 3,000
More info
The Axis Bank Vistara Signature Credit Card is designed for frequent travelers on Vistara airlines. With this card, you can earn Club Vistara points for every flight booking, and redeem them for flights, upgrades, and hotel bookings. The card also offers complimentary airport lounge access, priority check-in, and baggage allowance.
- Club Vistara points for every flight booking
- Complimentary airport lounge access and priority check-in
- Redeem Club Vistara points for flights, upgrades, and hotel bookings
- Baggage allowance on Vistara flights
- 4 Club Vistara Points (CV Points) for every Rs. 200 Spent
- Complimentary Premium Economy Class ticket voucher upon payment of Fee Payment
Premium
What are Rewards Credit Cards?
Rewards credit cards offer points, miles, or cashback for every dollar spent. These rewards can be redeemed for various things, including travel, merchandise, gift cards, or even statement credits. Rewards credit cards can be further categorized into three types: cashback, points, and miles.
Cashback Rewards Credit Cards:
These cards offer a certain percentage of cashback on every purchase made with the card. Cashback can range from 1% to 5% or more, depending on the card and the category of purchase.
Points Rewards Credit Cards:
These cards offer points for every dollar spent, which can be redeemed for various rewards. Points can be redeemed for travel, merchandise, gift cards, or even statement credits.
Miles Rewards Credit Cards:
These cards offer miles for every dollar spent, which can be redeemed for travel. Miles can be redeemed for flights, hotel stays, car rentals, and other travel-related expenses.
Factors to Consider When Choosing Rewards Credit Cards
- Your Spending Habits: The first factor to consider when choosing a rewards credit card is your spending habits. You should choose a card that offers rewards in categories where you spend the most. For example, if you spend a lot on groceries, a card that offers cashback on grocery purchases would be ideal.
- Rewards Rate: The second factor to consider is the rewards rate. Different cards offer different rewards rates, so you should choose a card that offers the best rewards rate for your spending habits. For example, a card that offers 5% cashback on groceries would be more beneficial than a card that offers 1% cashback on all purchases if you spend a lot on groceries.
- Annual Fees: The third factor to consider is the annual fee. Some rewards credit cards come with annual fees, while others do not. You should choose a card with an annual fee only if the rewards and benefits outweigh the cost of the fee.
- Sign-up Bonus: The fourth factor to consider is the sign-up bonus. Many rewards credit cards offer sign-up bonuses, which can be a great way to earn extra rewards. You should choose a card with a sign-up bonus that you can easily meet the spending requirements for.
- Redemption Options: The fifth factor to consider is the redemption options. Different rewards credit cards offer different redemption options, so you should choose a card that offers redemption options that are convenient for you. For example, if you love to travel, a card that offers miles that can be redeemed for flights would be ideal.
- Interest Rates: The final factor to consider is the interest rates. Rewards credit cards typically come with higher interest rates than regular credit cards. You should choose a card with a low interest rate if you plan to carry a balance on the card.
